Identify the decision variables

Assignment Help Business Management
Reference no: EM132956799

Buenaflor Industries produces Vaccine A and Vaccine B. Each Vaccine B takes three hours of labor from the laboratory and one hour of labor from the quality control department. Each Vaccine A requires one hour of labor from the laboratory and two hours of labor from the quality control department. During the current week, 200 hours of laboratory time and 300 hours of quality control time are available. Each Vaccine B produced gives a profit of ?300.00 and each Vaccine A earns a profit of ?200.00. Use Linear Programming Graphical Method to solve for the optimal solution.

1) Identify the Decision Variables.

2) Formulate the Objective Function.

3) Formulate the Constraints.

4) How many units of Vaccine A should be produced to maximize profit?

5) How many units of Vaccine B should be produced to maximize profit?

6) How much is the maximum profit?

7) If you are the operations manager are you going to give your go signal to produce the two vaccines? Why? Why not? Elaborate your answer?

Reference no: EM132956799

Questions Cloud

Positive net present value for the investment : They expect to make 100 trips per year. Coffin uses a discount rate of 6 percent. If they charge $150 per trip, will they have a positive net present value for
Analyze the role of information technology : a. Analyze the role of information technology for introducing supply chain management and lean production at McDonald's and Burger King.
Mcdonald vs burger king : a. Explain your opinions regarding the relationship between services process, quality, and cost from McDonald's and Burger King. Support your answer with an exa
Formulate the objective function : Buenaflor Industries produces Vaccine A and Vaccine B. Each Vaccine B takes three hours of labor from the laboratory and one hour of labor from the quality cont
Identify the decision variables : Buenaflor Industries produces Vaccine A and Vaccine B. Each Vaccine B takes three hours of labor from the laboratory and one hour of labor from the quality cont
Explain the possibility of manufacturing : Harley Davidson goes overseas to obtain the possibility of manufacturing at a more economical price and to achieve economies of scale which is the advantage a c
Assignment on hierarchy and status : Hierarchy and Status. How may the attributes associated with this worldview impact your management approach when managing Latino Americans?
Average cycle stock and average safety stock : How do you solve for average cycle stock and average safety stock (in days)?
What are the firm options for a diversification strategy : Choosing a local business that historically has not pursued a corporate-level strategy.

Reviews

Write a Review

Business Management Questions & Answers

  Opinion of the growth opportunity for microsoft

What is your opinion of the growth opportunity for Microsoft? Would you invest in that company? What are their growth initiatives?

  Competitive industry faces a demand curve

QUESTION 1: Suppose that a typical firm in a monopolistically competitive industry faces a demand curve given by:

  What are relational returns

What are relational returns and what are some good examples of these?

  What are the major issues facing tootsie roll industries

What are the major issues facing Tootsie Roll Industries at the time of the case? What core competencies do they enact to pull this off?

  Perform a strategic plan on the company

Create a 4 page, 12-point font Word document with the following: Follow this format for the comprehensive strategic plan:

  Guarantee the success of a business

While there is no blueprint or checklist that one can follow to guarantee the success of a business, much can be learned from analyzing those that have failed and those that have flourished during the same time period and under similar circumstanc..

  Article about new moves being made by a corporation

Some assistance with this would be appreciated. Open today's issue of The Wall Street Journal and look for an article about new moves being made by a corporation, specifically the decisions that are strategic

  Standpoint of social responsibility

What actions have been taken by Coca Cola in your country to demonstrate that it is a socially responsible company?

  What is the difference between paraphrasing and quoting

What is the difference between paraphrasing and quoting? How do the citations differ, based on paraphrasing and quoting?

  Decision tree and a fault or event tree

Create one decision tree and a fault or event tree that would support the exploration of risk for one of the above projects.

  Describe the problem-opportunity

1. Describe the problem/opportunity 2. Describe the industry/competition

  Determining the corporate-level strategies

Choose a company and conduct research to identify at least three corporate-level strategies it utilizes. Provide your analysis and recommendations as to the effectiveness of these strategies and your recommendation if this strategy should be conti..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd